The gold futures contract lost 1.02% on Monday, as it broke below its short-term consolidation following rebound from March 8th local low of $1,763.30. In early March yellow metal’s price was the lowest since last year’s June. Today gold is extending the decline.
Gold is 1.1% lower this morning, as it is getting closer to the mentioned early March local low. What about the other precious metals? Silver is 1.4% lower, platinum is 0.1% lower and palladium is 0.3% higher today. So precious metals are lower this morning.
Today we will get the CB Consumer Confidence release at 10:00 a.m. We will also get some Fed-talk and economic data releases from China later in the day.
Below you will find our Gold, Silver, and Mining Stocks economic news schedule for the next two trading days:
Tuesday, March 30
9:00 a.m. U.S. – FOMC Member Quarles Speech
10:00 a.m. U.S. – CB Consumer Confidence
2:30 p.m. U.S. – FOMC Member Williams Speech
9:00 p.m. China – Manufacturing PMI, Non-Manufacturing PMI
Wednesday, March 31
8:15 a.m. U.S. – ADP Non-Farm Employment Change
8:30 a.m. Canada – GDP m/m
9:45 a.m. U.S. – Chicago PMI
10:00 a.m. U.S. – Pending Home Sales m/m